West Lothian

Callum McQueenie

Callum McQueenie - Mavor & Company

“We have found that the rental market in West Lothian has continued to perform strongly in Q4 with applications being accepted within days of properties being marketed, along with the annual surge of tenants looking to move in before Christmas. There is demand particularly for 2 or 3 bed houses where tenants can have access to an additional bedroom as well as outdoor space during continued restrictions. A further encouraging sign is the number of new instructions post lockdown which again proves the strength of the rental market within West Lothian and that the area continues to entice new landlords to invest.”

Market Overview - Q4 2020

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £535 4.1% 16.1% 25.9% 10 -9 46% 92%
2 bed £645 2.4% 13.6% 21.0% 17 -6 41% 82%
3 bed £806 6.8% 13.4% 29.2% 17 -13 35% 73%
All £749 4.2% 17.4% 28.7% 16 -8 40% 82%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 101.4 104.8 101.2
2009 101.9 98.4 100.5 99.7
2010 100.9 100.2 100.2 100.3
2011 100.7 104.8 100.5 100.9
2012 98.1 102.8 103.3 103.4
2013 104.1 103.8 108.8 104.3
2014 103.3 103.6 105.2 104.1
2015 105.9 105.7 107.9 110.0
2016 107.4 112.4 113.3 115.3
2017 113.1 112.9 114.7 114.7
2018 118.3 117.6 120.0 120.5
2019 122.4 115.0 122.6 124.0
2020 122.8 112.1 124.1 129.1

Market Composition

Yield by Popular Postcode (Flats):

Postcode20132014201520162017
EH48 8.2% 8.1% 6.5% 6.8% 7.5%
EH49 5.6% 5.2% 5.2% 5.1% 5.1%
EH54 7.3% 6.9% 7.0% 6.9% 7.0%
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